BlackRock’s BUIDL Fund Goes On-Chain—Now Live as Collateral on Eular
Wall Street meets DeFi as BlackRock’s tokenized fund gets plugged into Euler’s lending protocol. Suddenly, your grandma’s pension can be rehypothecated by a 19-year-old degens.
Why it matters: The $100M+ BUIDL fund—backed by US Treasuries—just became programmable money. Borrow against it, leverage it, or watch traditional finance slowly cannibalize itself.
The fine print: Euler’s risk team insists their smart contracts are ‘bulletproof.’ Meanwhile, three audit firms are quietly updating their resumes.